You are here: Home » Companies » News
Business Standard

Cabinet gives in-principle approval to privatise Rashtriya Ispat Nigam

The government currently holds 100 per cent stake in the maker of crude steel.

Topics
Rashtriya Ispat Nigam Ltd | privatisation | PSU Disinvestment

Nikunj Ohri  |  New Delhi 

Illustration by Ajay Mohanty
The PSU, that is a corporate entity of Visakhapatnam Steel Plant, comes under Ministry of Steel | Illustration by Ajay Mohanty

The Cabinet Committee on Economic Affairs has given in-principle approval to privatise

The government currently holds 100 per cent stake in the maker of crude steel. The PSU, that is a corporate entity of Visakhapatnam Steel Plant, comes under Ministry of Steel.

CCEA, in its meeting on January 27, approved strategic divestment of government’s 100 per cent shareholding in the company along with management control, DIPAM Secretary tweeted.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, February 03 2021. 21:48 IST
RECOMMENDED FOR YOU
.